Governance and the investment performance of not-for-profit endowments

非营利捐赠基金的治理和投资绩效

• 批准号: LP160100956
• 负责人: Prof Ronald Masulis
• 金额: $ 6.97万
• 依托单位: The University of New South Wales
• 依托单位国家: 澳大利亚
• 项目类别: Linkage Projects
• 财政年份: 2016
• 资助国家: 澳大利亚
• 起止时间: 2016-12-16 至 2023-12-31
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/LP160100956
• 关键词: Governance; investment; performance; profit; endowments

Governance and the investment performance of not-for-profit endowments. This project aims to examine the relation between performance and governance for Australian not for profit (NFP) endowments. The not-for-profit sector now accounts for over 4 per cent of the gross domestic product (GDP) (almost $43 billion) and employs volunteers who contribute an additional $14.6 billion in unpaid work. Little research has been done on the investment performance of the endowments held by NFPs, even though this is an important contributor to their revenues. Expected outcomes include a publicised set of principles and periodically updated index of endowment governance quality, and attendant improvement in NFP investment management.

非营利性捐赠基金的治理与投资绩效。本项目旨在研究澳大利亚非营利（NFP）捐赠基金的绩效与治理之间的关系。非营利部门目前占国内生产总值（GDP）的4%以上（近430亿美元），并雇用志愿者，他们在无偿工作中贡献了146亿美元。对NFPs持有的捐赠基金的投资表现进行的研究很少，尽管这是他们收入的重要来源。预期的结果包括一套公开的原则和定期更新的捐赠治理质量指数，以及随之而来的NFP投资管理的改善。